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EUROPE
If country fails to bounce back from recession, it is hard to see how it
can stay in the Eurozone
The enormous influx of refugees into the EU and especially Germany has
continued in recent months. According to the provisional registrations in the German
EASY system 758,000 potential asylum seekers have already entered Germany this
year to end-October.
Yves Mersch : A currency
beyond the nation state: The euro and its institutional challenges ahead – ECB
6 takeaways on Hollande’s speech – Politico
What do the Paris attacks mean for the migration crisis? – Open
Europe
Do Paris terror attacks highlight a clash of civilisations? – FT
OTHER
The USD (DXY) has roared
back, akin to price action back in 2001 when the DXY peaked. The USD is
vulnerable to extremes - very negative, and very positive global risk and
growth scenarios in the near term. The AUD, MXN preferred among the risky.
The final leg of the USD
rally
Central banks set the
direction for 2016 in December
REGULARS
U.S. Stocks Under Pressure
Limited Losses After Paris Attacks
Investors Brace For Busiest Week of
Retail Earnings
Broad USD gains, weaker equities,
focus on inflation * Japan re-entering recession * US yields head lower * USD advances to continue to weigh on
commodity prices
This will be a difficult
week for markets as the outrage in Paris casts a deep shadow and leads most
probably to some retrenchment, albeit temporarily.
Euro Slips, but Markets Take
Developments in Stride
Markets are getting to grips with
the impact of the deadly terror attacks in Paris on Friday, with increased risk
seen lifting gold and oil prices, while French business sentiment, tourism and
consumer spending are likely to suffer in the near term.
EU borders and refugee
policy in the spotlight following Paris terror attacks * Handelsbatt: Brexit
poses the biggest threat to EU’s long-term prosperity * New CBI
Director-General: Most of our members want to be in a reformed EU but we will
listen to and respect the views of those who take different view * EU
institutions reach agreement for 2016 EU budget spending * EU and Australia to
start free trade negotiations in 2017
Politics in Paris —
Belgian radicals’ den
Stocks Jump On Hope For
More Central Bank Intervention After Japan's Quintuple Recession, Syrian
Strikes
The USD failed on both fronts last
week – failed to confirm recent strength and failed to fall apart. So the
bulls’ wait for confirmation continues. Meanwhile, anticipation of Bank of
Japan policy moves grows after another negative GDP print.
As shocked Europeans try
to come to terms with the horrors of Friday's terror attacks in Paris and global
leaders intensify their efforts to devise policy responses, investors around
the world are seeking out safe haven shelters including gold, oil and bonds.
But the risk-off swing has been relatively mild though sectors such as travel
and tourism have seen very sharp falls.
FINNISH
USA:n
inflaatio osoittaa ensimmäisiä kiihtymisen merkkejä * Suomen talous kääntyi
jälleen alamäkeen vuoden kolmannella neljänneksellä * Euroalueen kasvu hidastui
* Alkava viikko on datajulkaisujen osalta hiljainen
Suomen
ensi vuoden kasvu on ennusteiden valossa arvoitus. Uhka EU-säännösten
rikkomisesta on Valtiontalouden tarkastusviraston mukaan suuri.